Individuals should be asked to pay taxes according to their ability to pay. As income increases the taxes should increase. Which of the following principles of taxation is based on equity and fairness?
Horizontal Equity: It is the notion that equally situated individuals should be taxed equally. More specifically, persons of equal income should pay identical amounts in taxes. But it is very difficult to apply the concept in practice. Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle. It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics.
Multi Commodity Exchange of India Ltd (MCX) deals with which of the following:
Which among the following will not be considered a constituent of Tier 2 capital of AIFI according to BASEL III capital framework?
A. Reva...
Pradhan Mantri Shram Yogi Maan-Dhan Yojana assures a minimum assured pension of ________ upon attaining the age of 60 years.
Calculate the Proprietary ratio of the company, from the above information.
Which of the following is an interpersonal role of manager as per Mintzberg?
What is the maximum limit to issue of DVR shares by an eligible company, as per revised SEBI regulations?
In January 2022, RBI came out with Registration of Factors (Reserve Bank) Regulations 2022. As per the regulations, every company seeking registration a...
Regarding the valuation of investment in SRs outstanding in the books of specified lenders, which treatment is applicable after the issuance of these di...
RST Ltd’s has the following information
Sales = 300000
Cost of Goods Sold = Rs 140000
Pre-Interest Operating Expenses = Rs 300...
Who is the regulator of the financial activities of the International financial services centre – GIFT City?